3 Beaten-Up Big Oil Stocks: Are They Bargains?
It's been a rough ride for big oil since mid-June 2014, when most oil-industry stocks began to trend downward. Things have been looking up -- a little -- in 2017, but the top integrated majors are still off their highs by double-digit percentages while the S&P 500 is up more than 25%.
The hardest-hit companies among the integrated majors are Total SA (NYSE: TOT), down 29.9%; BP (NYSE: BP), down 32.5%; and Royal Dutch Shell (NYSE: RDS-A)(NYSE: RDS-B), down 32.9%. But just because a company has fallen farther doesn't mean it's more likely to outperform. Let's look at these three beaten-down big-oil stocks to see if they might be worth buying.
The future is uncertain for the oil industry's top dogs, and Total SA, BP, and Shell have been hit the hardest by the stock market. Image source: Getty Images.
Source: Fool.com
